‘The chapters in this book explore in detail the choices
regarding both the structure and administration of the property
tax, drawing on the extensive knowledge the authors have acquired
in studying property taxes around the world. The chapters provide a
wide-ranging treatment of the design choices and administrative
tasks, both in terms of the breadth of design options and
administrative tasks covered and the depth of the discussion.
The authors describe the range of design choices, discuss the
associated issues and the advantages and disadvantages for each,
and present the criteria to help choose among the
options.’
From the book’s Foreword by David L. Sjoquist, Professor
of Economics and Dan E. Sweat Scholar Chair in Educational and
Community Policy, Georgia State University
Property taxation is a key element in providing a solid
foundation and a stable funding source for basic public
services.
Developing and implementing a property tax system is a complex
task. This complexity is compounded by the diversity of legal,
cultural and historical contexts of policymakers and tax
administrators. The World Development Report (1999-2000),
Entering the 21st Century puts fiscal decentralization at
the top of the development agenda. This makes local taxation – and
especially the property tax option – of critical importance to both
tax and land policy, as well as the broader development agenda.
A Primer on Property Tax: Administration and Policy
provides the reader with an analysis of issues surrounding property
tax, including economics, law, public finance, decentralisation,
valuation, GIS and property tax reform. A key strength of the book
lies in the vast international experience of the authors and the
book will provide for the first time material which is topical,
cutting-edge and highly relevant to many of the disciplines
involved in property taxation.
The authors examine the criteria applied to evaluate the
strengths and weaknesses of property tax, discuss the main
valuation methods and the economic principles underpinning them and
review the legal and administrative aspects of property tax
worldwide.
Table of Content
Part 1: Context and objectives; Overview and introduction; Normative criteria for evaluating a tax; Legal and cultural issues in property tax administration; Part 2: Base times rate; Defining the base; Assessing revenue potential; Non-market approaches to valuing the base; Market-based approaches to valuing the base; Rate setting; Administrative policy; Administrative practice; Billing and collection; Appeals, penalties and sanctions; Part 4: The property tax as a policy tool; Exemptions; Irregular housing; Land leasing; Economic development; The politics of the property tax; Part 5: Summing up; Property tax reform efforts and sustainability; The future of the property tax; Appendices One. Maps, GIS and cadastre; Two. CAMA (Computer Assisted Mass Appraisal; Three. Communication skills and strategies; Annotated list for further reading References Glossary Index; References; Glossary; Index INTERNATIONAL PROPERTY TAXATION
About the author
William J. Mc Cluskey is Reader in Real Estate and
Valuation at the University of Ulster, where he received his Ph.D.
in Real Estate Valuation in 1999. He has held various international
positions including Visiting Professor of Real Estate at the
University of Lodz, Poland, Professor of Property Studies at
Lincoln University, Christchurch, New Zealand and is currently
Visiting Professor in Real Estate at University of Technology,
Malaysia. His main professional and academic interests are in the
fields of real estate valuation, developing automated valuation
methods and property tax policy. In addition, he has been an
invited instructor in real estate at the African Tax Institute and
the Lincoln Institute of Land Policy: China Programme. He is a
faculty member of the Lincoln Institute of Land Policy and founding
board member of the International Property Tax Institute.
Gary C. Cornia is the Dean of the Marriott School of
Management at Brigham Young University. He is the past
president of the National Tax Association and has served as State
Tax Commissioner in Utah. He has been a visiting Fellow at the
Lincoln Institute of Land Policy and a visiting Scholar at the
Andrew Young School of Policy at Georgia State
University. He has published a variety of articles on
state and local tax policy, decentralization, and property
tax. He received his Ph.D. from The Ohio State
University.
Lawrence C. Walters is the Stewart Grow Professor of
Public Management at the Romney Institute of Public Management,
Brigham Young University. His teaching includes courses on land and
real estate taxation at the Institute for Housing and Urban
Development Studies, Erasmus University Rotterdam. He has over
forty publications on public policy and management topics, several
of which have received national awards for excellence. He has just
completed a property tax policy guide for developing countries
sponsored by UN-Habitat and a book on managing ‘wicked’
environmental problems. He received his Ph.D. from the
Wharton School at the University of Pennsylvania.
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